#AAEC

Macau's Court of First Instance has ruled in favor of Las Vegas Sands Corp (LVS) in a long-running battle against its original Macau partner, Asian American Entertainment Corporation (AAEC). According to sources, the decision was issued on Thursday and was unanimous in its findings in favor of LVS, with the court also said to have scolded AAEC for…

Las Vegas Sands (LVS) is back in court fighting a familiar foe. Asian American Entertainment Corporation (AAEC), a former business partner in Macau that helped it get its start there, has been trying to collect massive amounts of money for years. It argues that LVS breached its contract and, therefore, deserves a fat payday. It hasn't yet found a…

The casino operations experience of Las Vegas Sands Corp (LVS) had significant weight when the Macau government was assessing bids for gaming concession rights nearly 20 years ago, a Macau court was told on Friday by David Green, part of a consulting team from accountancy firm Arthur Andersen LLC, hired by the city's government to advise on…

Las Vegas Sands (LVS) was viewed as a highly attractive option in helping promote Macau as a global tourism destination and therefore provided any potential partners with a competitive edge when it came to winning a casino license back in 2002, a Macau court has been told. The comments, made by two members of the former Macau Casino Gaming…